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| Big sale in Big Easy: Four Seasons penthouse sale breaks record | ||
| 1/24/2021 1:00 PM | ||
| The $13 million penthouse sale at the soon-to-open Four Seasons New Orleans Hotel and Private Residences is the priciest condo deal ever in the Big Easy. Shipbuilder Donald T. Bollinger bought the 4,000-square-foot penthouse on the 30th floor of the revamped tower in Downtown, according to the Wall Street Journal. Built in 1967, the 33-story bui...Read More | ||
| Snapchat co-founder and supermodel wife snag $30M Paris manse | ||
| 1/24/2021 11:00 AM | ||
| A U.S. tech billionaire and his supermodel wife dropped $30 million on a French domicile. Snapchat CEO Evan Spiegel and Miranda Kerr’s new home sits in the heart of Paris, just near the Seine river, according to the New York Post. At over 10,000 square feet, the mansion has six bedrooms, five bathrooms, two dressing rooms, a library, music room,...Read More | ||
| Austin home market seen as hottest of 2021 | ||
| 1/24/2021 8:00 AM | ||
| It could be a transformative year for Austin’s residential market. A recent survey from Zillow and data from Redfin suggest that home prices could increase beyond the national average and outpace prices in top-tier metros, according to Inman. Zillow’s quarterly survey on home price expectations found 84 percent of industry experts, economists, a...Read More | ||
| Senior living operator promises vaccine with a lease | ||
| 1/23/2021 1:00 PM | ||
| As the pandemic drives down occupancy at senior living properties, a Long Island assisted living community is promising vaccines to residents who sign a lease by Jan. 26. Atria Senior Living included the promise in marketing materials for its Atria Bay Shore property and also listed 60 vaccine clinics scheduled at its U.S. properties throu...Read More | ||
| London home prices hit new high | ||
| 1/23/2021 11:00 AM | ||
| London home prices just keep getting higher. The average price of a home in the city rose nearly 10 percent between November 2019 and November 2020 to about 514,000 pounds, or just over $700,000, according to Bloomberg News. That figure is based on data from the British government. There are a number of elements affecting values, including a sur...Read More | ||
| Carl Icahn pulls plug on auction to demolish Trump casino | ||
| 1/23/2021 8:00 AM | ||
| Carl Icahn is known to blow things up, but not literally. https://www.vanityfair.com/news/2020/05/carl-icahn-is-exiting-herbalife-and-making-a-killing The activist investor is not interested in auctioning off the opportunity to demolish Atlantic City’s former Trump Plaza casino, which he owns. The billionaire’s company has instructed Bodna...Read More | ||
| Ex-City Planning officials criticize “hollow” hotel permits proposal | ||
| 1/22/2021 4:50 PM | ||
| Some former city planning officials aren’t keen on a plan to restrict hotel construction throughout the city. During a hearing on Friday, ex-officials from former Mayor Michael Bloomberg’s administration criticized the city’s proposal to require special permits for all new hotel construction. They argued that there isn’t a clear land use r...Read More | ||
| Bank OZK’s Q4 was “strong end to challenging year” | ||
| 1/22/2021 4:31 PM | ||
| One of the nation’s most active construction lenders ended 2020 on a high note following an overall miserable year for the real estate industry. Bank OZK reported net income of $120.5 million in the fourth quarter, a 19.5 percent increase from the $100.8 million a year ago, marking its second highest quarterly profit in company history. The Arka...Read More | ||
| Investment sales fell by half in December to finish year down 48% | ||
| 1/22/2021 4:17 PM | ||
| For investment sales in the city, a down year finished on a down note. Sales volume in December was off 51 percent from a year ago, to $2 billion, even as transactions fell by a more modest 7 percent, according to a new report from the Real Estate Board of New York. For the year, dollar volume plunged 48 percent, to $21.4 billion, and transactio...Read More | ||
| Civic boosterism gets big backing from real estate | ||
| 1/22/2021 4:06 PM | ||
| Two PR vets with deep ties to the real estate industry are trying to change the narrative that New York is dead — and they’ve tapped their industry contacts to help bolster the case. Risa Heller and Jonathan Rosen this week launched nonprofit NY Forever with a social media campaign featuring a video of notable New Yorkers — including comed...Read More | ||
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